Meeting documents

To All Members of the County Council

 

 

 

Notice of a Meeting of the Council

 

Tuesday 12 February 2008 at 10.00 am

 

County Hall, Oxford

 

Joanna Simons

Chief Executive

 

4 February 2008

 

AGENDA

 

1.                 Minutes

 

To approve the Minutes of the meeting held on 8 January 2008 (CC1) and to receive for information any matters arising therefrom.

 

2.                 Apologies for Absence

 

3.                 Declarations of Interest – see guidance note

Members are reminded that they must declare their interests orally at the meeting and specify (a) the nature of the interest and (b) which items on the agenda are the relevant items.  This applies also to items where members have interests by virtue of their membership of a district council in Oxfordshire.

 

4.                 Official Communications

 

5.                 Appointments

 

(a)               To appoint, on the nomination of the Liberal Democrat Group, to the vacancies on the following:

 

Democracy & Organisation Committee	1 vacancy
Pension Fund Committee	2 vacancies
Planning & Regulation Committee	1 vacancy
Thames Valley Police Authority Appointments Committee	1 vacancy

 

(b)       To make any other changes in membership of the Cabinet, scrutiny and other committees on the nomination of political groups.

 

6.                 Petitions and Public Address

 

7.                 Medium Term Corporate Plan 2008/09-2012/13 (CC7) (download as .doc file)

 

The Council's proposed Medium Term Corporate Plan 2008/09-2012/13 is one of the plans and strategies that forms the policy framework and requires full Council approval. The Corporate Governance Scrutiny Committee submitted comments to the Cabinet, who approved the draft on 15 January 2008.

 

The Corporate Plan provides a medium-term focus on achieving the Council's priorities.  It establishes the context in which the Council operates and the strategic challenges that it faces.  It describes the role and structure of the Council, including its role as a community leader.  It outlines the rationale for the priorities we have set across four themes and identifies the areas on which we will focus.  Each priority is supported by Specific, Measurable, Achievable, Realistic and Time-sound (SMART) targets, against which we will measure progress.  The plan goes on to explain our strategic planning and performance management framework.  A summary of the key elements of the Medium Term Financial Plan (MTFP) is to be included and the MTFP will form an annex to the plan.  A separate Annual Report will be produced in June, which will provide a review of the previous year, highlighting achievements and challenges faced and commenting on our performance.

 

The Cabinet RECOMMENDS Council to approve the Medium Term Corporate Plan 2008/09-2012/13 subject to the inclusion of consequential and editorial changes in the text as agreed by the Chief Executive in consultation with the Leader of the Council.

 

8.                 Service and Resource Planning 2008/09 to 2012/13

 

Report of the Cabinet (CC8) and Supplementary Report by the Assistant Chief Executive and Chief Finance Officer (CC8 Supplementary), together with Detailed Revenue Budget booklet (to be circulated separately).  The recommendations set out below (and in the report) are made subject to the Commentary on the Budget Proposals by the Head of Finance & Procurement, as the Council’s Section 151 Officer, to be circulated separately.

 

The Labour Group and the Liberal Democrat Group have submitted their own budget proposals (CC8 (Labour) and CC8 (Liberal Democrat) respectively).  The Green Group proposes to submit amendments to the budget proposals (CC8 (Green)) and these will be circulated separately

(Service & Resource Planning 2008/09 – Commentary on Budget 2008/09-2012/13 by Assistant Chief Executive & Chief Finance Officer - Supplement 2 - download as .doc file)

 

 

The Cabinet RECOMMENDS the Council: (a)               (in respect of Revenue) to approve: (1)               a budget for 2008/09 as set out in Annex 4 and Medium Term Financial Plan for 2008/09 to 2012/13 as set out in Annex 1; (2)               a budget requirement for 2008/09 of £365.547m; (3)               the Council Tax and Precept calculations for 2008/09 set out in Annex 5 to the report and in particular: (i)                 a precept of £261.545m; and (ii)              a Council Tax for Band D equivalent properties of £1,089.75; (4)               virement arrangements for 2008/09 as set out in Annex 6 to the report; (5)               the disposition of Dedicated Schools Grant as set out in Annex 13 to the report; (b)              (in respect of Capital) to approve: (1)               a Capital Programme for 2008/09 to 2012/13 as set out in the capital programme at Annex 8; (2)               the Capital Strategy at Annex 9 and Corporate Asset Management Plan at Annex 10; (3)               the prudential indicators set out in Annex 11 to the report in respect of: §         Estimates of Capital Expenditure; §         Estimates of the Ratio of Financing Costs to the Net Revenue Stream; §         Estimates of the Capital Financing Requirement; §         Authorised Limit for External Debt; §         Operational Limit for External Debt; §         Estimates of the Incremental Impact of Capital Investment Decisions. (c)               (in respect of treasury management) to approve: (1)              the Prudential Indicators set out in Annex 12; (2)              the continued use of Lender Option/Borrower Option loans restricted to 20% of the debt portfolio; (3)              the continued use of forward borrowing limited to £10m in 2008/09; (4)              the increased credit limits shown on the proposed matrix in Annex 12; (5)              the continued use of the services of SWIP and Investec (6)              the Treasury Management Strategy Statement

 

Return to TOP